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India’s Car Market Outlook Cut After 5% Sales Drop
10/11/2012Demand for passenger cars in India, which fell 19% in August, slid to 157,500 units in September compared with 166,500 units a year earlier, the Society of Indian Automobile Manufacturers reports.
VW Exec Named Porsche Manufacturing Chief
10/11/2012Volkswagen AG's Porsche unit has appointed VW executive Oliver Blume as its new executive board member in charge of production and logistics, effective Jan. 1.
Vehicle Sales Drop 2% in China
10/11/2012Automakers sold 1.62 million cars, trucks and buses to dealers in China last month compared with 1.65 million vehicles in September 2011, according to the China Assn. of Automobile Manufacturers.
India’s Car Market Outlook Cut After 5% Sales Drop
10/11/2012Demand for passenger cars in India, which fell 19% in August, slid to 157,500 units in September compared with 166,500 units a year earlier, the Society of Indian Automobile Manufacturers reports.
Fiat Rating Falls Deeper into Junk-Bond Territory
10/11/2012Moody's Investors Service has lowered its credit rating for Fiat SpA by one notch to Ba3, three rungs below investment grade, because of Europe's flagging car market.
Fiat, PSA Ratings Fall Deeper into Junk-Bond Territory
10/11/2012Moody's Investors Service has lowered its credit ratings for Fiat SpA and PSA Peugeot Citroen because the agency expects Europe's car market to sink 3% in 2013 from this year's 17-year low.
Lola Shuts Its Doors
10/11/2012Lola Group Holdings Ltd., the British maker of racing cars for nearly 50 years, has halted all operations.
U.K.’s Lola Closes Up Shop
10/11/2012Lola Group Holdings Ltd., the British maker of racing cars for nearly 50 years, has halted all operations, Edmunds.com reports.
Australian Firm Debuts One-Piece Carbon-Fiber Wheels
10/11/2012Carbon Revolution says its pioneering one-piece carbon-fiber road wheels are stronger and weigh half as much as aluminum wheels of the same size.
NHTSA Issues Warning on Counterfeit Airbags
10/10/2012An unknown number of counterfeit driver's airbags have been installed in U.S. cars within the past three years, according to the National Highway Traffic Safety Administration.